Sounding a note of caution, the Economic Survey has stressed that for “growth to be inclusive” India must create adequate employment opportunities—a call that underlines existing inequality, including urban-rural income disparity, and concern that it may increase as more young people enter the job market. While India’s unemployment rate has dropped from 8.2% in 2004-05 to 6.6% in 2009-10, the number of jobless is still huge in absolute terms. The...
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India to be a youngest nation by 2020 by Aarti Dhar
India will be one of the youngest nations by 2020 and this changing demographic condition, while providing great opportunities, could pose some challenges too, the Economic Survey 2011-12 has said. India is passing through a phase of unprecedented demographic changes, wherein the proportion of the working age population (15-59 years) is likely to rise from around 58 per cent in 2001 to over 64 per cent by 2021, according to the...
More »Putting Growth In Its Place by Jean Dreze and Amartya Sen
It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...
More »Women Losing Ground in Economic, Political Equality by Sandra Siagian
While gender equality ratios have improved in 85 percent of countries over the past six years, economic participation and political empowerment for women has failed to match the steady progress of health and education, says a new report by the World Economic Forum. The report, "Global Gender Gap", compiled by Ricardo Hausmann from Harvard University, Laura Tyson from University of California, Berkeley and Saadia Zahidi from the World Economic Forum, illustrates...
More »Gender bias: Only Afghanistan fares worse than India in South Asia by Rukmini Shrinivasan
India's abysmal gender inequality statistics seem to have taken a turn for the worse. New data shows the country's Gender Inequality Index (GII) worsened between 2008 and 2011, and India now ranks 129 out of 146 countries on the GII, better only than Afghanistan in south Asia. On the Human Development Index (HDI), India ranks 134 out of 187 countries. When inequality is factored in, it experiences a 30% drop in...
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